How can Nigeria benefit from bitcoin investment ?

[Jubilee58]

Investing in bitcoin can benefit a country like Nigeria and can bring a lot of benefits to us, and there are several ways that bitcoin investment and can affect our economy positively, and below are some of those benefits:

The idea behind the technology of bitcoin can help to reduce the rate of unemployment in Nigeria, creating blockchain industries.

Investing in bitcoin can help attract investors from the various parts of the world, and at the same time help to boost the economy of Nigeria and build a very strong relationship between Nigeria and other foreign countries who are involved in bitcoin investing.

Nigeria investing in bitcoin is a way of diversifying the asset of Nigeria, and will help to fight over dependence on our local investment.
In Nigeria oil and agriculture are some of the places we invest our money, though they are good investment, but investing in is a way of diversification and embracing new technology in Nigeria.

When it comes to transaction involving different countries, bitcoin is perfect for that , and the transaction fee is very minimal and processes transaction very speedy.

Bitcoin investment is very volatile, and bitcoin investment involves some challenges, and there are some countries that have welcome fully the use of bitcoin, for instance Switzerland and El Salvador are bitcoin friendly countries, while there are other countries that don't have policies supporting the use of bitcoin.

[Nathrixxx]

Nigeria is a developing country and if we can harness the opportunity in bitcoin, things will go blmkre better for us in this country than ever before, we don't have to wait for our leaders to take the lead, we are the Gen Z era that believes in the power of freedom and digital technology and are irresistible.

If countries like UAE can develop a friendly atmosphere for the use of bitcoin, then how much more a country like Nigeria not to have more opportunities being utilized with the advancement of blockchain technology and Bitcoin than fully dependent on central fiat currency that devaluates with time by the influence of inflation.

[CryptoGirl_200x]

When has our government or the present government finished looting funds that they should start talking about investing in bitcoin?, think about this, nothing in Nigeria is working..
Healthcare
Education
Electricity
Good roads
Clean water
Security
Etc..

All of this above are sectors crying for investments, most especially healthcare, security and education, imagine where our politicians fly abroad for medical checkup, whereas they can invest same money in the health care sectors and build even if its one hospital that meets international standard with every available medical equipment available in it.
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Talk about electricity, imagine a country where the government itself is spending billions to install solar electricity system in the Aso rock/presidential villa, reason being that the government is spending too much on electricity bill (isn't this laughable?), what becomes the hope of common citizens who can't afford to install same solar in their respective houses?
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Forgive me if I am wrong, but I personally think it a misplacement of priorities for the government of this country to start investing in bitcoin with our money, it's all going to go into private pockets.

[Gost ms]

Investing in bitcoin can benefit a country like Nigeria and can bring a lot of benefits to us, and there are several ways that bitcoin investment and can affect our economy positively, and below are some of those benefits:

The idea behind the technology of bitcoin can help to reduce the rate of unemployment in Nigeria, creating blockchain industries.

Investing in bitcoin can help attract investors from the various parts of the world, and at the same time help to boost the economy of Nigeria and build a very strong relationship between Nigeria and other foreign countries who are involved in bitcoin investing.

Nigeria investing in bitcoin is a way of diversifying the asset of Nigeria, and will help to fight over dependence on our local investment.
In Nigeria oil and agriculture are some of the places we invest our money, though they are good investment, but investing in is a way of diversification and embracing new technology in Nigeria.

When it comes to transaction involving different countries, bitcoin is perfect for that , and the transaction fee is very minimal and processes transaction very speedy.

Bitcoin investment is very volatile, and bitcoin investment involves some challenges, and there are some countries that have welcome fully the use of bitcoin, for instance Switzerland and El Salvador are bitcoin friendly countries, while there are other countries that don't have policies supporting the use of bitcoin.

Yes, if the government of our country invests in Bitcoin, it will be very good for us and the economy of the country will be very good. There are two sides, good and bad. In the current situation, seeing how much everyone is leaning towards Bitcoin, it seems that the price of Bitcoin will skyrocket very soon. If our country invests in Bitcoin at this stage, then maybe it can benefit a lot of money in the future. If a person is in another country and if he sends money through Bitcoin, then his cost will be much less. And he will be able to transact through a very strong network.

If the government of our country currently invests in Bitcoin and if it can create the attraction of crypto investment or bitcoin investment in the whole world, then crypto investors of the whole world will lean towards our country. Then the economy of our country will become much stronger. As we see now in the case of UAE, every crypto investor now prefers to be in UAE

[mustapha67]

Honestly, I'm beginning to feel regretful, having wasted five years in school, and over fifteen years searching for job that seemed invisible in the country.

Somehow, I feel may have become a successful citizen of Nigeria if I was earlier exposed to Bitcoin investment. Bitcoin investment is solid, and golden opportunity for everyone who needs to survive.

As a newbie, I'm beginning to feel that I should have been introduced to Bitcoin investment earlier, maybe, I would have been employed and empowered.

Nevertheless, Bitcoin investment has graced, and favored, yet favoring most Nigerian, and foreign citizens. I believe in this investment. Bitcoin investment has jobs, development, innovation, and empowerment for all individuals who may venture in the business.

[Donk1]

Honestly, I'm beginning to feel regretful, having wasted five years in school, and over fifteen years searching for job that seemed invisible in the country.

Somehow, I feel may have become a successful citizen of Nigeria if I was earlier exposed to Bitcoin investment. Bitcoin investment is solid, and golden opportunity for everyone who needs to survive.

As a newbie, I'm beginning to feel that I should have been introduced to Bitcoin investment earlier, maybe, I would have been employed and empowered.

Nevertheless, Bitcoin investment has graced, and favored, yet favoring most Nigerian, and foreign citizens. I believe in this investment. Bitcoin investment has jobs, development, innovation, and empowerment for all individuals who may venture in the business.

Bro don't say stuff that are too expensive going ,to school isn't bad in fact education was never a key to success in Nigeria it's was a key that favoured most individuals who saw opportunity and took it and not every one can get that opportunity in our country . School teaches us about morals, understanding .it helps us build our knowledge and if not because of school you won't even be able to read or write so it shouldn't be what you regret .

Fine there is no job in our country but bitcoin isn't a job you can't invest and buy today and Tomorrow you just woke up and sell No no no it doesn't work that way, yeah jobs are impossible to see in this country but one way or another even if you had knew bitcoin then if you still didn't have a job you wouldn't have been able to invest in bitcoin. so that's It . The country dey meet everybody..........

[Smartp1996]

Honestly, I'm beginning to feel regretful, having wasted five years in school, and over fifteen years searching for job that seemed invisible in the country.

Somehow, I feel may have become a successful citizen of Nigeria if I was earlier exposed to Bitcoin investment. Bitcoin investment is solid, and golden opportunity for everyone who needs to survive.

As a newbie, I'm beginning to feel that I should have been introduced to Bitcoin investment earlier, maybe, I would have been employed and empowered.

Nevertheless, Bitcoin investment has graced, and favored, yet favoring most Nigerian, and foreign citizens. I believe in this investment. Bitcoin investment has jobs, development, innovation, and empowerment for all individuals who may venture in the business.

Why are you regretting over your educational career over  the years, seeing your educational time as a waisted years. listen me, education is a key to success and in all aspects of life education leads because an uneducated  person is and can be assumed to be like a blind man most especially when it comes to do with modern education by knowing how to read and write.even in bitcoin investment it requires being educated because it is digital and computalarize. Do you think that if not for your education over the years you would have been acquainted over what bitcoin are by not knowing how to read and write before talking about how you would have been successful by now. Thankgod that you are educated now, use it and invest and see the benefits of education in bitcoin investment.

[Skydrill]

Nigeria is a developing country and if we can harness the opportunity in bitcoin, things will go blmkre better for us in this country than ever before, we don't have to wait for our leaders to take the lead, we are the Gen Z era that believes in the power of freedom and digital technology and are irresistible.

If countries like UAE can develop a friendly atmosphere for the use of bitcoin, then how much more a country like Nigeria not to have more opportunities being utilized with the advancement of blockchain technology and Bitcoin than fully dependent on central fiat currency that devaluates with time by the influence of inflation.

As a developing country, I believe one of the ways that the Nigeria can benefit from Bitcoin is for the government to engage policies that would make Bitcoin an essential part of the economy and a tool for economic growth through learning and investment in Bitcoin, if there are no restrictions to Bitcoin then a lot of people will look in and utilize the opportunities that are available and thereby empowering themselves financially and wouldn't have to depend on the government for jobs knowing they don't need to depend on the government for everything.

[Uhwuchukwu53]

The Nigeria government is full of leaders that are self centered, which force themselves into power not by the people but by their ways of illegal means allegedly, it take a high profile leader who have the mind of the people to articulate what will better the life of it's citizens. Opportunity like Bitcoin is one which a government need secure and diversify through good policy to position both themselves as government and the citizens.

Nation like Nigeria where there is a higher rate of unemployment need opportunity like Bitcoin to take curb some unemployment through their good policy that will will protect the citizens from running into scam by reaching certain certain exchange which they deem fit and have agreement of assurance of it's citizens not running into scam through such means pave way to it's citizens as the agreement will be binding on the exchange should any loss occur against it's citizens.
Government policies over a thing has a greater influence as it may act positively or negatively. In my opinion Nigeria need diversify by engaging deep on Bitcoin which will prompt it's citizens to invest because where the government leads the citizens follow.

[Pikiboy]

Nigeria is going to benefit from Bitcoin if our leaders Will allowed Bitcoin to be adopted,
It's going to be of help to our young youths and olds in team's of employments and sharping there mind against the future because looking at Nigeria currency of today it's very, very low in rating comparing to the price of Bitcoin today,
then it will also create relationship between the counties who are in used of Bitcoin and trust will be created between Nigerians and other countries that are in use of Bitcoin.

[PremiumcryptoHub]

Yes, if the government of our country invests in Bitcoin, it will be very good for us and the economy of the country will be very good. There are two sides, good and bad. In the current situation, seeing how much everyone is leaning towards Bitcoin, it seems that the price of Bitcoin will skyrocket very soon. If our country invests in Bitcoin at this stage, then maybe it can benefit a lot of money in the future. If a person is in another country and if he sends money through Bitcoin, then his cost will be much less. And he will be able to transact through a very strong network.

To my knowledge, a country like Nigeria needs opportunities like Bitcoin because many citizens here can become financially independent if they have enough knowledge and if they are motivated enough to invest. You are right that if our country legalizes Bitcoin, we may be able to harness its technological potential and create an alternative economic opportunity. But on the other hand, an important point is that when Bitcoin is legalized, maybe every member living in this country will have to pay taxes, which will be controlled by the government of this country and they will be able to generate revenue.

Then the economy of our country will become much stronger. As we see now in the case of UAE, every crypto investor now prefers to be in UAE

Did you know that there is a thriving market for trading or investing in crypto in the United Arab Emirates, moreover the most important thing is that there is no personal income tax, meaning that investors there will have the freedom to conduct crypto-related activities freely and without worry, and they will not be taxed at all on the money earned through those activities as a result, it is considered an attractive place for crypto investors and they choose to stay.

[B-BossMan]

Op, actually you have a point, and at least you have highlighted the main benefits that Bitcoin would bring to the citizens and the country at large. But let's think out of the box. Since day one, the government hasn't in any way shown concern about supporting cryptocurrency because they wouldn't have any control over it. The decentralised nature of Bitcoin offers the citizens a freedom financially, so I don't think the government will invest in Bitcoin since some governments view it as a threat, thinking that Bitcoin is a scam which they are trying to protect their citizens from. With these, I doubt if it will be possible, but instead, the citizens or the wealthy ones can invest in Bitcoin to straighten their financial stability and reduce their financial challenges.

[DYOR+BTC]

Op, actually you have a point, and at least you have highlighted the main benefits that Bitcoin would bring to the citizens and the country at large. But let's think out of the box. Since day one, the government hasn't in any way shown concern about supporting cryptocurrency because they wouldn't have any control over it. The decentralised nature of Bitcoin offers the citizens a freedom financially, so I don't think the government will invest in Bitcoin since some governments view it as a threat, thinking that Bitcoin is a scam which they are trying to protect their citizens from. With these, I doubt if it will be possible, but instead, the citizens or the wealthy ones can invest in Bitcoin to straighten their financial stability and reduce their financial challenges.

Nigerian government recognise Bitcoin as a threat yes I agree to that because of the transparency, accessibility and accountability to the citizens while operating with it. Bitcoin they say is a digital asset capable of transforming any nations economic system but can not Be recognized in Nigeria because it will deprive the wicked political representatives access to stealing public funds as they do in transitional banking institutions currently now.  On April 2022, Central Africa republic recognized Bitcoin as a strategic method of saving  which was recognized as a positive move because of its significant impact it has done in the country.

[Abu-Naim]

Investing in bitcoin can benefit a country like Nigeria and can bring a lot of benefits to us, and there are several ways that bitcoin investment and can affect our economy positively, and below are some of those benefits:

The idea behind the technology of bitcoin can help to reduce the rate of unemployment in Nigeria, creating blockchain industries.

I can agree with you that cryptocurrency in general can reduce or have reduced the rate of unemployment since so many Nigerian youths are benefiting from crypto and are doing well for themselves, but I don’t get you that creating blockchain industries?

I hope you know what blockchain means?

Investing in bitcoin can help attract investors from the various parts of the world, and at the same time help to boost the economy of Nigeria and build a very strong relationship between Nigeria and other foreign countries who are involved in bitcoin investing.

Bitcoin investment is not a physical investment, it is an investment you can have and no one will know you have unless if you share with people which is a bit risky due to insecurity; how can Bitcoin investment attract foreign investors to Nigeria? can you share more explanation please because I know that crypto or Bitcoin investment is not physical, and it is decentralized and doesn’t need any third

Bitcoin investment is very volatile, and bitcoin investment involves some challenges, and there are some countries that have welcome fully the use of bitcoin, for instance Switzerland and El Salvador are bitcoin friendly countries, while there are other countries that don't have policies supporting the use of bitcoin.

That’s true, I think you need to have more understanding about Bitcoin and blockchain technology. Visit this website to learn the basics and how does Bitcoin works
Getting more understanding will guide you more because I noticed you are in the right way to learn.

[Borbb]

You're absolutely right investing in Bitcoin can really established us in this country Nigeria, example unlike the set of people that started the Bitcoin airdrop didn't I believe all the people are wealthy no regret,  today having a huge benefit from the Bitcoin airdrop, they're allot more to benefit from Bitcoin market unlike if you an expert in Bitcoin trading you can make alot of profit some many rich people that you see today Bitcoin they make it from this business.